The cryptocurrency market saw a sharp dip in the last 24 hours, with the global crypto market cap falling by over 2.4% to $3.78 trillion. Top cryptocurrencies like Bitcoin and Ethereum were not spared from the downturn. Bitcoin dropped by more than 2% and is currently trading around $115,957, while Ethereum slipped over 3.6% to $3,717.
Altcoins have taken an even harder hit. Solana (SOL) is down by nearly 4.8%, now priced at $171, while Cardano (ADA) and Dogecoin (DOGE) fell by 4.89% and 5.87% respectively. XRP also saw a drop of around 3.7%. The current sideways action across many tokens has pushed the Altcoin Season Index down to 37 out of 100, meaning that Bitcoin continues to dominate market attention.
Why Are Cryptos Falling Today?
This downturn has been largely triggered by macroeconomic uncertainty, particularly after the U.S. Federal Reserve decided to keep interest rates unchanged while issuing a stern warning about slowing economic growth. Markets had briefly rallied after the White House released a crypto policy report pushing for clearer SEC guidelines, but that faded quickly as the Fed’s message began to sink in.
Adding to the pressure, total liquidations across the crypto market reached nearly $631.98 million. When global economic signals turn bearish, capital tends to move out of riskier assets like altcoins first. With crypto no longer operating in a vacuum, market sentiment is being shaped by the same global forces that drive equities and commodities.
As of August 1st, President Donald Trump’s aggressive tariff strategy is beginning to take effect. While tariffs are traditionally a concern for traditional markets and international trade, their ripple effect is now increasingly being felt in crypto markets. Tariffs often trigger inflationary pressures and destabilize fiat currencies, conditions that sometimes push investors toward Bitcoin and other digital assets as a hedge. However, in the short term, these sudden shocks often lead to liquidity crunches and panic selling, especially in risk-on assets like altcoins.
Is smart money leaving XRP and BNB? Both coins have seen significant losses, which begs questions about whether a comeback is feasible or if it is time to move on. While BNB is down almost 11%, XRP has declined almost 31% this past month. Some analysts still see the potential for a bullish reversal.
A new rival is emerging meanwhile—ChowWow ($CHOW). Thanks to the Solana blockchain this fast-growing meme coin presents play-to-earn games, staking rewards, and reduced transaction fees. Could ChowWow be the next major crypto success narrative?
This article investigates XRP and BNB’s price challenges, analyst forecasts, and why ChowWow is attracting the attention of major investors.
XRP Faces Selling Pressure but Could Be Poised for a Rally
Over the past week, the XRP price has grown slightly. However overall it has showed great selling pressure recently by declining more than 18% in the past month. Before a bearish breakout brought the altcoin down to its monthly low of $1.92 earlier in March, the XRP price chart shows it was trading between $2.76 and $2.43 before the crash. XRP’s mini resurgence has brought it to $2.20-2.40 range.
Nevertheless, the XRP community is still optimistic since they think a good comeback is just around the corner. Analysts hope for a bullish reversal. STEPH IS CRYPTO is one well-known expert who has posted a chart analysis implying that the XRP price might spike to $6 once this drop ends.
Although XRP is still 41% behind its all-time high (ATH), some speculate a retest of this level could occur this year. Technical signals are conflicting. Whereas the Momentum Oscillator and CCI keep showing selling pressure, the MACD and Moving Averages are displaying buy signals.
BNB Faces a Dip but Could Soon Hit New Highs
Over the past week, the BNB price pumped by more than 14%. The altcoin has traded between $545 and $645 according to the BNB price chart following a previously a bearish breakout which saw the price drop as low as $509. The past month has been challenging; the BNB coin dropped nearly 5.9% of its value. Still, the BNB community stays rather optimistic.
Many traders feel BNB still has great growth potential and that this dip is just temporary. Analysts hope for a bullish reversal soon. Crypto analyst Elja posted a chart last month implying that, after this decline finishes, the BNB price could climb above $1,000.
Though BNB is now 20% behind its all-time high (ATH), some speculate a retest of this price point may occur this H1. Whereas the Momentum Oscillator still indicates selling pressure, the MACD and Moving Averages are displaying purchase signals. A strong bullish sentiment makes BNB still one of the top altcoins to keep an eye on in the coming months.
ChowWow ($CHOW) Could Be the Next Crypto Success Story
To build a strong environment for crypto users, ChowWow mixes staking, collectibles, and play-to-earn gaming. Designed on the Solana Blockchain, ChowWow presents lower fees and faster transactions than conventional Ethereum-based memecoins. For every user, this makes it reasonably priced, scalable, and efficient.
Features including airdrops, staking incentives, and in-game revenue make the ChowWow token meant to benefit the community. With its gaming-oriented vision and long-term stability, ChowWow distinguishes itself among the best memecoins to buy now.
ChowWow provides actual value beyond the mere buzz, unlike many other memecoins. Completing challenges and participating in mini-games lets users in the ChowWow gaming universe earn prizes. These benefits have practical worth and can be applied inside the ecosystem.
Furthermore, ChowWow offers staking, which helps investors get passive revenue just by locking their tokens. ChowWow is a leading candidate in the expanding meme coin market. Meanwhile, the $CHOW presale is currently ongoing and each token is priced at just $0.01 in stage 2 of the presale.
ChowWow vs. XRP & BNB – The Smart Move for 2025?
Although analysts see the possibility for a comeback, smart money is already looking ahead as XRP and BNB have had a bearish ride. ChowWow ($CHOW) is a game-changer with staking, play-to-earning gaming, and Solana’s lightning-fast transactions—it’s not just another memecoin.
Early investors have a rare opportunity to join the $CHOW presale with its modest presale price of $0.01. ChowWow might be the next great success tale as the meme coin market keeps exploding.
The post Smart Money Is Leaving XRP & BNB for ChowWow’s Big Potential! appeared first on Coinpedia Fintech News
Is smart money leaving XRP and BNB? Both coins have seen significant losses, which begs questions about whether a comeback is feasible or if it is time to move on. While BNB is down almost 11%, XRP has declined almost 31% this past month. Some analysts still see the potential for a bullish reversal. A …
Solana price continued its strong surge on Tuesday, July 22, reaching its highest level since February this year. SOL token rose for three consecutive days, up by 112% from its lowest point this year. This surge could accelerate as the recently launched staked SOL ETF crossed a key milestone. Solana Price Flashes Golden Cross Pattern
Ripple (XRP) price has performed better than Ethereum since November 2024. Tradingview data shows that the XRP/ETH ratio has climbed to 0.00121, which is the highest level since March 2020. With XRP being the second-largest altcoin, will these gains continue and push Ripple’s market cap past Ethereum’s current $237 billion market cap? Let’s explore.
How Much Will XRP Price Be If Its Market Cap Equaled Ethereum’s
XRP has a market cap of $138 billion which is nearly 50% the market cap of Ethereum. Ripple also has a circulating supply of 58.12 billion coins.
If XRP price recorded a parabolic rally and its market cap equaled that of Ethereum while the circulating supply remained constant, Ripple would be worth $4.08.
Additionally, Ethereum’s all-time high market cap was $571 billion posted in November 2021. In case of a bull market, where both Ethereum and XRP price rally, Ripple would have to reach $9.82 to equal ETH’s all-time high market cap.
This means that in a bear market, XRP would have to reach $4.08 to flip Ethereum while in a bull market, Ripple would be worth nearly $10 to equal Ethereum’s record high market cap of $571 billion.
However, it is important to note that XRP’s maximum supply is 100 billion tokens. In 2017, Ripple changed XRP tokenomics and placed 55 billion XRP in escrow. If Ripple released the entire supply of 100 billion tokens, XRP would be worth between $2.40 and $5.71 to equal Ethereum’s market cap.
Bullish Catalysts That Would Drive XRP Price Rally
It is possible for XRP to equal Ethereum’s market cap because of several catalysts that will support an uptrend. The first is rising institutional interest. The recently launched spot XRP futures by Bitnomial and the pending approval of spot XRP ETFs could drive massive gains toward the $4 to $10 price target.
Former Fox reporter Eleanor Terrett has also confirmed that Trump’s pick for SEC Chair, Paul Atkins, will appear before the US banking committee for his nomination hearing. The XRP community anticipates that Atkin’s confirmation will see the SEC formally issue a statement confirming the end of Ripple’s case.
High institutional demand and a formal end of this case are the main catalysts that will cause XRP price to equal Ethereum’s market cap.
XRP/ETH Technical Analysis
XRP/ETH has been rising since forming a golden cross in January this year. This ratio will continue to rise as Ripple draws institutional interest when demand for Ethereum has faded with more than two weeks of consistent outflows from ETH ETFs.
XRP is attracting massive attention from both retail and institutional traders compared to Ethereum. If this progressed, the XRP/ETH ratio could increase to the 261.8% Fibonacci level of 0.00316. This will push it towards its all-time high of 0.00503.
XRP/ETH: 1-Week Chart
In conclusion, for XRP price to attain the same market as Ethereum, it will have to rally to between $4 and $10. However, this outlook is based on XRP continuing to outperform Ethereum in the coming years.
